Founder, Emaar/noon.com
Origin: UAE
Residence: UAE
Sector: Real Estate/Retail
Alabbar founded Emaar in 1997 and under his direction, the company has grown tremendously. In 2022, Emaar group property sales stood at $9.5bn, while its net profit rose 80 per cent year-on-year to reach $1.9bn. Besides proving his mettle on Dubai’s real estate landscape, Alabbar’s business interests range from e-commerce platform noon.com to digital lender Zand Bank, of which Alabbar is chairman. He received as much as $900m from Americana’s IPO in December 2022 and his remaining stake is now valued at $1.98bn, based on the offer price. He also heads Alabbar Enterprises, through which he holds a stake in the Yoox Net-A-Porter Group.